{"id":2007,"date":"2011-06-25T11:41:58","date_gmt":"2011-06-25T08:41:58","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=2007"},"modified":"2011-06-25T11:42:07","modified_gmt":"2011-06-25T08:42:07","slug":"kuresel-gorunum-ve-bulasma-riski","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/kuresel-gorunum-ve-bulasma-riski\/","title":{"rendered":"K\u00fcresel G\u00f6r\u00fcn\u00fcm ve Bula\u015fma Riski"},"content":{"rendered":"<p>Cumartesi ak\u015fam\u0131 Erste Securities T\u00fcrkiye genel M\u00fcd\u00fcr Erkin \u015eahin\u00f6z\u2019\u00fcn haftal\u0131k ara\u015ft\u0131rma raporunu\u00a0<a href=\"http:\/\/www.ekonomihaberyorum.com\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener\">www.ekonomihaberyorum.com<\/a> da ba\u015fl\u0131\u011fa att\u0131k (\u201cBula\u015fma Riski Art\u0131yor\u201d), \u00e7\u00fcnk\u00fc hafta sonunda k\u00fcresel piyasalar\u0131n i\u00e7inde bulundu\u011fu en b\u00fcy\u00fck ikilemi \u00e7ok g\u00fczel resmediyordu.\u00a0 Yunan Krizi, di\u011fer \u00fclkeler ve\/veya bankac\u0131l\u0131k sistemine \u201cbula\u015farak\u201d k\u00fcresel toparlanmay\u0131 tehdit eder hale gelebilirdi.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3188424812\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>\u00d6nce bula\u015fma nedir, onu anlatay\u0131m.\u00a0 Finansal sistem ve d\u00fcnya ekonomileri gittik\u00e7e birbirine entegre hale geliyor.\u00a0 \u201cTemel bula\u015fmada\u201d e\u011fer \u00c7in yava\u015flarsa, \u00c7in\u2019e mal satan Tayvan, Japonya gibi \u00fclkelerin ekonomileri de fren yapar.\u00a0 Finansal sistemde ise e\u011fer Alman ve Frans\u0131z bankalar\u0131 bol miktarda Yunan varl\u0131\u011f\u0131 tutuyorsa, ve bu varl\u0131klar\u0131n de\u011feri d\u00fc\u015ferse, \u00a0Yunan krizi Alman ve Frans\u0131z bankalar\u0131n\u0131n sermaye g\u00fcc\u00fcn\u00fc ve piyasa de\u011ferini etkiler.\u00a0 E\u011fer ABD\u2019de varl\u0131k tutar\u0131 3 trilyon dolar\u0131 bulan Money Market Funds (bizdeki likit fonlar\u0131n benzeri) de bol miktarda AB bankalar\u0131n\u0131n dolar cinsinden finansman bonolar\u0131 tutuyorsa, bu bankalar\u0131n kredi notunun d\u00fc\u015fmesi Money Market Funds\u2019\u0131n net varl\u0131k de\u011ferini erozyona u\u011frat\u0131r.<\/p>\n<p>Bir de psikolojik bula\u015fma var.\u00a0 Bu birbiri ile hi\u00e7 bir ekonomik ya da \u00a0finansal ba\u011f\u0131 olmayan iki sistemin korku fakt\u00f6r\u00fc y\u00fcz\u00fcnden olumsuz etkile\u015fime girmesi. E\u011fer ABD\u2019de VIX Endeksi y\u00fckseldi\u011finde, \u0130MKB\u2019de sat\u0131\u015f ya\u015fan\u0131yorsa, i\u015fte bu psikolojik bula\u015fmad\u0131r. \u00a0T\u00fcrk bankalar\u0131 Yunanistan, hatta AB bankac\u0131l\u0131k sistemine her hangi bir bilan\u00e7o riski ile ba\u011fl\u0131 de\u011fil. Ama, AB bankalar\u0131n\u0131n kredi notu d\u00fc\u015ft\u00fc\u011f\u00fcnde, yat\u0131r\u0131mc\u0131lar T\u00fcrk banka hisseleri sat\u0131yorsa, i\u015fte \u00a0size bir psikolojik bula\u015fma \u00f6rne\u011fi daha.<\/p>\n<p>K\u00fcrede halen g\u00f6zle g\u00f6r\u00fcl\u00fcr bir yava\u015flama ya\u015f\u0131yoruz.\u00a0 Bu ABD ve Japonya 1\u00c72011 milli gelir verilerinde, ve \u00c7in ve AB\u2019nin PMI gibi \u00f6nc\u00fc ekonomik faaliyet g\u00f6stergelerinden \u00e7ok a\u00e7\u0131k\u00e7a izleniyor.\u00a0 AMA,\u00a0 IMF\u2019den Fed\u2019e, JPMorgan gibi b\u00fcyk yat\u0131r\u0131m bankalar\u0131n\u0131n ara\u015ft\u0131rma ekiplerine kadar herkes d\u00fcnya ekonomisinin 3\u00c7 ortalar\u0131 gibi yeniden toparlanmas\u0131n\u0131 bekliyor. Bu toparlanman\u0131n lokomotifi \u00c7in\u2019in parasal s\u0131k\u0131la\u015ft\u0131rmay\u0131 sonland\u0131rmas\u0131, Japon depremin etkilerinin ortadan kalkmas\u0131 ve en \u00f6nemlisi petrol fiyatlar\u0131ndaki gev\u015feme olarak s\u0131ralanabilir.<\/p>\n<p>Makalenin tamam\u0131n\u0131 okumak i\u00e7in l\u00fctfen <a href=\"http:\/\/www.ekonomihaberyorum.com\/kuresel-gorunum-ve-bulasma-riski\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener\">BURAYI<\/a> ziyaret ediniz.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cumartesi ak\u015fam\u0131 Erste Securities T\u00fcrkiye genel M\u00fcd\u00fcr Erkin \u015eahin\u00f6z\u2019\u00fcn haftal\u0131k ara\u015ft\u0131rma raporunu\u00a0www.ekonomihaberyorum.com da ba\u015fl\u0131\u011fa att\u0131k (\u201cBula\u015fma Riski Art\u0131yor\u201d), \u00e7\u00fcnk\u00fc hafta sonunda k\u00fcresel piyasalar\u0131n i\u00e7inde bulundu\u011fu&hellip;<\/p>\n","protected":false},"author":11,"featured_media":927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/2007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=2007"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/2007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/927"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=2007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=2007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=2007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}